Revolutionising UK Banking: Innovative Startups Reshaping the Financial Landscape

January 3, 2024
The United Kingdom has always been a major player in the global banking industry, with its financial hub in London being one of the largest and most influential in the world. However, the banking industry is not immune to the global trend toward digitization and technological innovation. We are seeing a new breed of startups, many of which were founded in 2020 or later, that are making waves in the banking industry by leveraging cutting-edge technology to provide innovative financial services. These startups are reinventing the ways we handle money, from payments and transfers to loans and investments.

This article focuses on eleven of these banking startups. Please note this is by no means an exhaustive list. There are hundreds of other startups that are doing fantastic work in this space. However, these eleven are a good representation of the diversity and dynamism of the UK banking startup scene.

Let’s delve into some of these startups, taking a look at who they are, what they do, and why they are worth paying attention to.


TreeCard, founded by Gary Wu, James Cox, James Dugan, and Jamie Cox, is a full-stack green finance platform that enables customers to spend, save, and invest responsibly. Their flagship product is a wooden payment card that funds reforestation through the interchange fees generated. TreeCard is also the exclusive finance partner of Ecosia, a search engine that plants trees with its ad revenue. Find them on Twitter, Facebook, and Linkedin.


Lanistar is a London-based financial services startup founded by Gurhan Kiziloz. The company focuses on using polymorphic technology to provide a customer-centric alternative to traditional personal finance offerings. Lanistar has announced partnerships with significant industry organizations such as Mastercard and Jumio, and is quickly expanding with a team in Greece. Follow them on Twitter or Linkedin.

Bloom Group SA

Bloom Group SA, a financial services startup founded by James Hickson, empowers digital brands with founder-friendly capital and tools to accelerate their growth. Check them out through their Facebook page and LinkedIn profile.


Based in Manchester, Algbra is a fintech co-founded by Fizel Nejabat and Zeiad Idris. This next-gen platform is focused on values, offering services in banking, financial services, and mobile payments. Connect with them on LinkedIn.


Mast, founded by Henry Stanley, Joy Joseph Abisaab, and Robert Stronach, is leveraging cloud-native technology to help mortgage lenders to elevate their service levels, save costs, underwrite more applications, and offer the best digital banking experience possible. Follow them on Twitter or connect with them on LinkedIn.


As a UK-based digital banking startup, Saurus is revolutionizing digital and commercial banking by making it simple and easy. Learn more about them on their Twitter, Facebook and Linkedin accounts.


Co-founded by Geri Cupi, Twig is a fintech company focused on promoting the circular economy. Twig allows customers to instantly turn their possessions into cash, promoting recycling and re-use. Connect with them on Twitter, Facebook, and LinkedIn.


Scribe, led by Nick Errington and Rob Cossins, is a data platform for company information, powered by research-based AI. They’re making it possible for businesses to uncover insightful information about private companies and end data entry from PDFs. Connect with them on Twitter and LinkedIn.


Inveztor™, co-founded by Alastair Sharpe and Katee Hunter, is transforming the infrastructure of the debt capital markets (DCM) in Europe. As a digital agent, they facilitate a variety of functions, including account opening, contract creation, and fund transfers. Connect with them on Twitter or LinkedIn.

Network B

Network B, founded by Brad Blake and Shapna Majid, offers banking and card-linked solutions through an API platform, addressing customers’ inquiries via phone, email and online applications. Connect with them on LinkedIn.

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